Malta MFSA warns against unlicensed crypto exchange Puth

The Malta Financial Services Authority (MFSA) issued a warning against an entity operating under the names of Puth Holdings Co Ltd, Puth Global Ltd or Digital Fintech One. The entity has an internet presence at puth777.com.

According to the MFSA, this entity claims to be a company "incorporated in Malta under the relevant laws of Malta" and purports to be operating  "the world's leading digital asset trading platform".

The MFSA said it wishes to alert the public, in Malta and abroad, that this entity is not a Maltese registered company nor licensed or otherwise authorised by the MFSA to provide the service of an exchange or other financial services which are required to be licensed or otherwise authorised under Maltese law. The public should therefore refrain from undertaking any business or transactions with the above-mentioned entity.

The regulator would like to remind consumers of financial services not to enter into any financial services transaction unless they have ascertained that the entity with whom the transaction is being made is authorised to provide such services by the MFSA or another reputable financial services regulator. Investors should also be extra cautious when being approached with offers of financial services via unconventional channels such as telephone calls or social media.